Applied Materials reports Q3 revenue up 25% YoY to $9.12B, vs. $8.99B est., net income up 43% YoY to $2.54B, and forecasts Q4 revenue above est.; AMAT drops 4%+
The company is looking to ramp up its manufacturing capacity to meet continued semiconductor solutions demand
ASML shares fall 7%+ after a report that a Chinese state-backed company has begun manufacturing DUV machines; Applied Materials fell 6.5%+ and Lam Research 7%+
Sarah Jacob /Bloomberg:
ASML shares fall 7%+ after a report that a Chinese state-backed company has begun manufacturing DUV machines; Applied Materials fell 6.5%+ and Lam Research 7%+
Sarah Jacob /Bloomberg:
Micron and Sandisk led a tech selloff on June 23, falling 13%+ each; Western Digital fell 8%, Marvell 9%, Seagate 5%, Qualcomm 8%, and Applied Materials 8%
One analyst says investors are merely taking a ‘breather’ from buzzy tech stocks, following sharp year-to-date gains and ahead …
Applied Materials reports Q1 revenue down 2% YoY to $7.01B, vs. $6.86B est., net income up 71% YoY to $2B, and forecasts Q2 revenue above est.; AMAT jumps 10%+
Applied Materials Inc. surged 10% in late trading after delivering a surprisingly upbeat sales forecast, signaling that demand …
Filing: Applied Materials plans to cut ~4% of its global workforce and expects the layoffs to cost $160M to $180M; it had 36,100 employees as of the end of July
Nick Turner / Bloomberg :
Applied Materials reports Q4 revenue up 5% YoY to $7.05B, vs. $6.95B est., and forecasts Q1 revenue below estimates; AMAT drops 5%+ after hours
Jaspreet Singh / Reuters :
Chipmaking machine giant Applied Materials plans to invest up to $4B in a Sunnyvale, California, research center over seven years to improve chip collaboration
Don Clark / New York Times :
Semiconductor industry supply giant Applied Materials predicts a $250M hit in Q2 after a ransomware attack at an unnamed supplier, likely MKS Instruments
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